NOT LISTED FOR SALE

Estimated Value: $2,394,000 - $3,628,000

3 Beds
3 Baths
5,166 Sq Ft
$583/Sq Ft Est. Value

Last Sold July 17, 2019

Last sale price $800,000 $155 Per Sq Ft

Est. 276% increase in value since last sale

Current estimated payment $19,844/month

6 Days on Market

Highlights

  • New Construction
  • No Units Above
  • 6 Car Direct Access Garage
  • Chandler Elementary Rated A-
  • Property is near a park
  • Park

About This Home

As of July 2019

3-unit development project, within the desirable Sherman Oaks city limits. Over $245,000 paid in receiving “Ready to Issue” status. Flat land, premium location for this project, stunning rooftop deck views, 2 car attached garages, and 2020+ year built date. This project is "Ready-to-issue". The approved plans, final map, and surveys will be included with sale. Each home is projected to be 3 bedrooms and 3 bathrooms; each at an estimated 1,700 sq. ft. The estimated sales price per unit, after the development, is $750,000. Contemporary design, 2020+ year built, the 2 car attached garages, additional storage options, in unit washer and dryers, open concept design, the amazing roof top deck views, the award winning school district, and the tree lined neighborhood setting make the perfect setting for a successful, after development, sale of all three homes.

Last Agent to Sell the Property

Brittany Leighton

X Real Estate License #01763231 Listed on: 05/03/2019

Last Buyer's Agent

Iren Bznuni

Bznuni Realty Group License #01819426

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,255

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 6,753 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 6 Car Direct Access Garage
  • Parking Available

Home Design

  • Triplex

Interior Spaces

  • 5,166 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 70
  • Tax Tract Number 13
  • Assessor Parcel Number 2245019008

Community Details

Overview

  • 3 Buildings
  • 3 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $525,377
  • Net Operating Income $525,377

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,255

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

6

Listing Details

  • CapRate: 30.00
  • Inclusions: Approved plans. Surveys.
  • Property Attached: Yes
  • Zoning: LARD2
  • New Construction: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2245019008
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 154.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Unknown
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level, Near Public Transit, Park Nearby, Paved
  • Lot Size Sq Ft: 6753.00
  • Lot Size Acres: 0.1550

Multi Family

  • Average3 Bed Area: 1700 Square Feet
  • Gross Income: 525377.00
  • Gross Scheduled Income: 525377.00
  • Lot Size Area: 6753.0000 Square Feet
  • Net Operating Income: 525377.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 1286.01
  • Tax Lot: 70
  • Tax Tract Number: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2023
Sold by
Navasartian Vahik
Bought by
Imperium Properties Llc
Current Estimated Value
$3,011,000

Purchase Details

Closed on
Feb 8, 2023
Sold by
Imperium Properties Llc
Bought by
Navasartian Vahik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,000
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 19, 2022
Sold by
Vahik Navasartian
Bought by
Imperium Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2019
Closed on
Jun 18, 2019
Sold by
Meridian Pacific Group Llc
Bought by
Navasartian Vahik
Seller's Agent
Brittany Leighton
X Real Estate
Buyer's Agent
Iren Bznuni
Bznuni Realty Group
List Price
$780,000
Sold Price
$800,000
Premium/Discount to List
$20,000
2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.18%
Original Mortgage
$600,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 7, 2016
Closed on
Aug 9, 2016
Sold by
Christensen Paul
Bought by
Meridian Pacific Group Llc
Seller's Agent
Margaret Lynne
RE/MAX One
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$619,950
Sold Price
$550,000
Premium/Discount to List
-$69,950
-11.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.43%
Original Mortgage
$330,000
Interest Rate
3.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2015
Sold by
Christensen Paul
Bought by
Christensen Paul

Purchase Details

Closed on
Mar 13, 2002
Sold by
Christensen Ruth Alice
Bought by
Christensen Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 4, 2002
Sold by
Davis Carol Christensen
Bought by
Christensen Ruth Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
6.62%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Imperium Properties Llc -- None Listed On Document
Navasartian Vahik -- Lawyers Title
Imperium Properties Llc -- Chicago Title
Navasartian Vahik $800,000 First American Title Company
Meridian Pacific Group Llc $550,000 Ticor Title Co
Christensen Paul -- None Available
Christensen Paul -- --
Christensen Ruth Alice -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Navasartian Vahik $474,000
Previous Owner Navasartian Vahik $1,500,000
Previous Owner Aiaa Home Holdings Llc $660,000
Previous Owner Navasartian Vahik $660,000
Previous Owner Navasartian Vahik $600,000
Previous Owner Meridian Pacific Group Llc $330,000
Previous Owner Christensen Paul $69,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2019 07/17/19 Sold $800,000 +2.6% $155 / Sq Ft
05/09/2019 05/09/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $780,000 +41.8% $151 / Sq Ft
10/07/2016 10/07/16 Sold $550,000 -11.3% $532 / Sq Ft
08/07/2016 08/07/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $619,950 -- $600 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $41,255 $3,459,840 $2,075,700 $1,384,140
2024 $41,255 $3,392,000 $2,035,000 $1,357,000
2023 $31,843 $2,608,140 $1,043,460 $1,564,680
2022 $22,644 $1,895,487 $824,453 $1,071,034
2021 $19,402 $1,636,488 $808,288 $828,200
2020 $9,745 $800,000 $640,000 $160,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG19102401

California Regional Multiple Listing Service (CRMLS)

APN: 2245-019-025